Rep. Malliotakis’ Legislation Could Make $250 Billion Available for Middle-Class Housing

Rep. Malliotakis’ legislation could make $250 billion available for middle-class housing

STATEN ISLAND, N.Y. — Bipartisan federal legislation backed by Rep. Nicole Malliotakis could make $250 billion available for middle income housing around the country.

Bill aims to construct homes with proceeds from future GSE release

U.S. Reps. Tom Suozzi (D-N.Y.) and Nicole Malliotakis (R-N.Y.) have introduced the Housing for US Act — a bipartisan proposal aimed at easing the national housing shortage by investing federal funds into the construction of millions of new homes for middle-class Americans. The bill, which is currently awaiting committee review, calls for up to $250 billion in proceeds from the potential end of the federal conservatorships over Fannie Mae and Fre…

Bill Would Channel Billions From Fannie/Freddie Sale Towards Affordable Housing - The MortgagePoint

Bipartisan legislation has been proposed that would utilize proceeds from the sale of Fannie Mae and Freddie Mac for the construction of affordable housing for middle-class Americans.